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6611. Afghanistan: Exit vs Engagement

Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
U.S. military operations in Afghanistan are now entering their tenth year and policymakers in Washington are looking for a way out. A policy review is due in December but the outline is already clear: U.S. forces will try to pummel the Taliban to bring them to the table, responsibility for security will increasingly be transferred to Afghan forces and more money will be provided for economic development. NATO partners agreed at the Lisbon summit to a gradual withdrawal of combat troops with the goal of transitioning to full Afghan control of security by the end of 2014. The aim will be a dignified drawdown of troops as public support wanes while at the same time ensuring that a post-withdrawal Afghanistan, at the very least, does not become the epicentre of transnational terrorism. While success is being measured in numbers of insurgents killed or captured, there is little proof that the operations have disrupted the insurgency's momentum or increased stability. The storyline does not match facts on the ground.
Topic:
Conflict Resolution and War
Political Geography:
Afghanistan, United States, Washington, Taliban, and Lisbon

6612. Côte d'Ivoire : sortir enfin de l'ornière?

Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
A la veille du second tour de l'élection présidentielle, la tension ne cesse de monter entre les partisans de Laurent Gbagbo et ceux d'Alassane Ouattara. Le 19 et le 22 novembre des échauffourées ont opposé des partisans des deux candidats, faisant, plusieurs blessés. Ces incidents sont symptomatiques de la détérioration du climat en Côte d'Ivoire depuis l'annonce des résultats du premier tour. Ils s'ajoutent à la brutalité de certains discours de campagne et font planer le spectre d'un scrutin calamiteux. L'heure n'est plus à l'autosatisfaction et aux exhortations courtoises. Le message unique de la communauté internationale et des Nations unies doit être clair : les acteurs politiques et militaires ivoiriens doivent accepter les résultats du vote du 28 novembre. Ceux qui opteraient pour le sabotage du dernier acte de cette présidentielle par des fraudes, des intimidations d'électeurs ou des violences s'exposeront à de nouvelles sanctions individuelles de l'ONU.
Topic:
Democratization and Politics
Political Geography:
Africa

6613. Negotiating Sudan's North-South Future

Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
Sudan's fragile Comprehensive Peace Agreement (CPA) is entering its final phase, and a critical vote on Southern self-determination looms, but foundations for a constructive post-referendum relationship are yet to be laid. In addition to a handful of outstanding CPA items, future arrangements on citizenship and nationality, natural resource management (oil and water), currency, assets and liabilities, security and international treaties must be negotiated, regardless of the referendum's outcome. Many in Sudan and abroad are focused on ensuring the referendum exercise takes place on 9 January as planned. But simultaneously pursuing agreement on the broader postreferendum agenda is not only critical for a peaceful transition and long-term regional stability, but may also serve the more immediate objective of clearing the path for a mutually accepted referendum.
Topic:
Conflict Resolution, Civil War, and Treaties and Agreements
Political Geography:
Africa and Sudan

6614. Currency Wars?

Author:
William R. Cline and John Williamson
Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
A widespread currency war is in prospect. The term was first introduced by Guido Mantega, the finance minster of Brazil. He envisaged the International Monetary Fund (IMF) developing an index that measures whether currencies are held artificially low to boost exports (popularly referred to as “currency manipulation”). If that IMF exercise did not lead to an easing of such exchange market intervention, he suggested that an undervalued exchange rate could eventually be considered a commercial subsidy.
Topic:
Economics, International Cooperation, International Trade and Finance, and Monetary Policy
Political Geography:
Brazil

6615. Will It Be Brussels, Berlin, or Financial Markets that Check Moral Hazard in Europe's Bailout Union? Most Likely the Latter!

Author:
Jacob Funk Kirkegaard
Publication Date:
10-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
So far so good for the European Union in preventing the Greek sovereign debt crisis from spiraling out of control in the short term. But with Greece in May 2010 requiring an unprecedented bailout from the European Union/IMF to avoid immediate default and 25 of the European Union's 27 member states currently subject to an “excessive deficit procedure” (European Commission 2010i), it remains evident that the European Union's existing fiscal surveillance framework patently failed both before and during the Great Recession and that Europe's leaders must head back to the drawing board for a required long term reform of the EU fiscal policy and surveillance framework.
Topic:
Debt, Economics, and Financial Crisis
Political Geography:
Europe and Greece

6616. The Central Banker's Case for Doing More

Author:
Adam S. Posen
Publication Date:
10-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
In this policy brief I present my view on the role of monetary policy in our recovery and whether the major central banks in the United Kingdom and beyond should be doing more in the coming months. Of course, every central bank's policysetting committee has to make its own assessment of the right policy measures for its economy, based on its own forecastand the mandate legally set for it. Thus, I am not presuming to offer a “one size fits all” prescription for central bankers beyond the United Kingdom. I would like, however, to try to give some general assessment of the common challenges we face, and what I believe to be the appropriate monetary policy response, barring special circumstances. Not that there will be any doubt about it, but for the record, these are solely my own personal views.
Topic:
Economics, Globalization, Global Recession, Monetary Policy, and Financial Crisis
Political Geography:
United Kingdom

6617. Prospects for Implementing the Korea-US Free Trade Agreement

Author:
Jeffrey J. Schott
Publication Date:
10-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The Korea-US Free Trade Agreement (KORUS FTA) was signed on June 30, 2007. Since then, the Korean National Assembly has vetted the agreement and the pact cleared a major legislative hurdle when the Foreign Affairs and Trade Committee approved it in April 2009; the full assembly has deferred final passage pending comparable action by the US Congress. In the United States, the ratification process has not yet begun; neither President George W. Bush nor President Barack Obama has submitted implementing legislation to Congress.
Topic:
Diplomacy, International Trade and Finance, Bilateral Relations, and Law
Political Geography:
United States, Israel, Asia, and Korea

6618. Not All Financial Regulation Is Global

Author:
Nicolas Véron and Stéphane Rottier
Publication Date:
09-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
“All politics is local,” as the saying goes, but all economics is global, and regulation is one area where these two realities meet and conflict. This has been particularly true for financial regulation in the wake of the unprecedented financial crisis.
Topic:
Economics, Genocide, International Cooperation, International Trade and Finance, and Monetary Policy
Political Geography:
Europe

6619. Cheap but Costly: Constraints of Economic Development in the Coal Mining Industry

Author:
Lina Gong and Sofiah Jamil
Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The demand for coal is set to increase over the coming years, especially among developing countries. However, while coal may be a cheap source of energy to facilitate economic development, it is costly in terms of the implications for human security. Coal mining has been seen to adversely impact local communities and cause sociopolitical instability. Long-term environmental sustainability is also negatively affected. This NTS Insight seeks to examine the extent to which governance mechanisms have been successful in mitigating these socioeconomic and environmental costs, with a focus on China and Indonesia. The paper will also assess the effectiveness of current initiatives designed to address the various forms of human insecurities stemming from coal mining in the two countries.
Topic:
Development, Energy Policy, and Environment
Political Geography:
China and Asia

6620. How much do U.S. corporations know (and care) about bilateral investment treaties? Some hints from new survey evidence

Author:
Jason Webb Yackee
Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
A remarkable number of countries have recently entered into bilateral investment treaties (BITs) as a means of protecting and promoting inward foreign direct investment (FDI). But do the treaties “work?” In exchange for giving up some mea sure of regulatory autonomy, host countries hope to receive increased flows of investment. Scholars have devoted substantial energy to examining whether this so-called “grand bargain” has in fact been realized. Most studies follow a common research design. The number of BITs that a state has signed are counted up, with the resulting independent variable regressed against country-level FDI flow data. Unfortunately, the results of these various and increasingly complex statistical exercises are inconsistent. 1 Some studies show that BITs can have massive positive impacts on foreign investment; others show modest positive impacts; others show no impact at all, or even a negative impact.
Topic:
International Trade and Finance, Bilateral Relations, and Foreign Direct Investment
Political Geography:
United States